Multibagger Penny Stock Under Rs 10: Company Expands into FMCG Business and Launches Retailer Scheme
DSIJ Intelligence-1 / 06 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 580 per cent in 2 years and a whopping 3,800 per cent in 5 years.
On Monday, shares of Rajnish Retail Ltd gained 5.72 per cent to Rs 8.50 per share from its previous closing of Rs 8.04 per share. The stock’s 52-week high is Rs 17.08 per share and its 52-week low is Rs 5.57 per share.
Rajnish Retail Limited has reported a significant expansion in its FMCG business. The company's product portfolio has grown to over 150+ products and its market reach has expanded across multiple states, reinforcing its strong presence and commitment to quality. To support this growth and ensure efficient operations, Rajnish Retail has also expanded its warehouse and storage infrastructure at Regency Plaza, Ulhasanagar, Thane. This strategic move is aimed at strengthening the supply chain, improving inventory management, and ensuring timely product distribution to meet growing demand.
In a move to strengthen ties with its channel partners, the company is launching an exclusive Retailer Incentive Scheme starting October 1st, 2025. Timed to coincide with the auspicious Dussehra and Diwali festive season, the scheme is designed to reward retailers for their partnership and encourage sales growth. The rewards are tied to specific sales targets, offering significant prizes in the form of Gold and Silver. For instance, retailers achieving a sale target of Rs 1,00,00,000 will receive Rs 2 lakh worth of Gold/Silver, while the top tier of Rs 10,00,00,000 will be rewarded with Rs 20 lakh worth of Gold/Silver.
Looking forward, Rajnish Retail Limited plans to continue its aggressive growth trajectory. The company intends to further diversify its product portfolio and strengthen distribution networks by entering new states. Additionally, it is focused on adopting eco-friendly practices throughout its operations. A key part of its future strategy will involve leveraging digital platforms to enhance customer engagement, ensuring the company remains competitive and aligned with modern market trends.
About the Company
Rajnish Retail Ltd, incorporated in 1995 and operating under the brand name Sheetal Diamonds, is a company that manufactures, trades, and exports loose diamonds and jewellery. Their product portfolio includes a wide range of diamonds, from white loose diamonds to fancy cut and colour diamonds, all certified by GIA, IGI or HRD. They also offer a vast selection of over 1,00,000 jewellery designs in categories like rings, earrings, pendants, bracelets/bangles, necklaces, and nose pins. The company caters to diverse tastes with various plating options, including rhodium, silver, antique silver, gold, antique gold, lacquer gold, rose gold, carat gold, Victoria and two-tone plating in gold and rhodium.
The company has a market cap of over Rs 120 crore. The stock gave multibagger returns of 580 per cent in 2 years and a whopping 3,800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.